According to IMARC Group’s latest report, titled “Payroll Outsourcing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global payroll outsourcing market to continue its moderate growth during the next five years.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Payroll outsourcing refers to the use of third-party sources and organizations to handle administrative and compliance operations. It includes keeping records of employees, calculating salaries and wages, computing and adding incentives, producing payroll-related reports, and complying with tax laws applicable in various countries. Payroll outsourcing assists companies in saving time and money by reducing the need for in-house qualified payroll staffs and managing appropriate software packages. It also provides multinational organizations with the advantage of staying updated with global tax laws and preventing any potential penalties.
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Market Trends
The growing incorporation of several digitized services, such as business analytics, big data, and cloud, is primarily driving the market for payroll outsourcing. Moreover, the prevalent trend of multi-country payroll outsourcing (MCPO), bundling payroll services, and process automation, is also augmenting the market growth. In addition to this, several leading players are offering hybrid payroll solutions that enable organizations to decide upon customized payroll sub-services. Furthermore, the sudden outbreak of the COVID pandemic, in early 2020, has led to the rising adoption of work-from-home models by several organizations leading to the emergence of efficient ways of online management of payroll operations.
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List of Key Companies Covered in this Market Report:
- Accenture Plc
- Automatic Data Processing Inc.
- Deloitte Touche Tohmatsu Limited Hp Inc.
- Infosys Limited
- International Business Machines Corporation Intuit Inc.
- Paychex Inc.
- Wipro
- Workday Inc.
- Xerox Corporation
- Zalaris
The report has segmented the market on the basis of type, application, end use industry and region.
Breakup by Type:
- Full-Managed Outsourcing
- Co-Managed Outsourcing
Breakup by Application:
- Small Business
- Medium Business
- Large Business
Breakup by End Use Industry:
- BFSI
- Consumer and Industrial Products
- IT and Telecommunication
- Professional Services
- Public Sector
- Healthcare
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2014-2019)
- Market Outlook (2020- 2025)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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According to the latest report by IMARC Group, titled "Cloud Security Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global cloud security software market grew at a CAGR of around 18% during 2014-2019.
Cloud security software is widely employed by numerous organizations for gaining multiple levels of control in a network infrastructure.
Apart from this, these solutions are deployed for safeguarding unstructured data formats and integrating the same with multiple processors or endpoints while eliminating the need to invest in expensive hardware.We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
These observations will be integrated into the report.Click here to request a sample copy: https://www.imarcgroup.com/cloud-security-software-market/requestsampleGlobal Cloud Security Software Market Trends:The market is primarily driven by the growing adoption of cloud computing solutions in numerous industries across the globe.
This has stimulated the requirement for cloud security software to secure the integrity and continuity of resources at different levels.
These advanced technologies assist in facilitating easy data transfer and hindering unauthorized access during security breaches.
According to the latest report by IMARC Group, titled “Styrenic Block Copolymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global styrenic block copolymer market size grew at a CAGR of around 7% during 2015-2020.
Looking forward, IMARC Group expects the global styrenic block copolymer market to exhibit moderate growth during 2021-2026 .
Styrenic block copolymers (SBCs) refer to a versatile family of resins that are characterized by an elastomeric central arrangement.
These copolymers also offer enhanced design versatility, exceptional chemical resistance and sterilizability by gamma irradiation and ethylene oxide gas.
As a result, they are extensively utilized for polymer modification, paving and roofing applications, and for the manufacturing of adhesives and sealants across diverse industrial verticals, including healthcare, construction and consumer electronics.We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
These copolymers are increasingly used in modified bituminous roofing materials due to their excellent thermal resistance, improved performance and exceptional waterproofing properties.
The global web content management market size reached a value of US$ 6.7 Billion in 2020.
Looking forward, IMARC Group expects the market to grow at a CAGR of 15.7% during 2021-2026.WCM is an automated publishing process with plug-ins that can be installed to extend the existing functionality, display content in various languages and enable editors to review and approve content before publication.
On account of these features, WCM is widely utilized by multiple organizations across the globe.
Besides this, rapid digitalization and emerging online and data-driven digital techniques have increased the need to manage considerable amounts of data effectively and efficiently to meet customer requirements.
This has led to the development of several WCM solutions.Furthermore, technological advancements, such as the development of cloud-based WCM solutions, are also providing a positive impact on the market as these solutions enable organizations to improve their productivity.
Nowadays, WCM is extensively used by businesses to promote their brands, encourage interactions with customers present online, and increase their revenue by delivering personalized content to clients.We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
According to the latest report by IMARC Group, titled "Cryptocurrency Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global cryptocurrency market is experiencing strong growth during 2014-2019.
This form of digital asset can be distributed over a vast array of computer networks that are connected to a virtual environment.
It is widely preferred over traditionally used currencies as its usage facilitates quicker payments and allows users to avoid transaction fees.
It is considered to be much safer as compared to conventional forms of currencies as it eliminates the chances of identity theft and offers inflation resistance and transparency.Request Free Sample Report: https://www.imarcgroup.com/cryptocurrency-market/requestsampleWe are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
They also offer numerous advantages to users, such as increased adaptability, secured confidentiality and enhanced portability and divisibility, thereby boosting their uptake on the global level.
The market is further driven by the integration of blockchain technology with cryptocurrencies as this offers a reduced risk of fraudulent or unwanted transactions.
According to the latest report by IMARC Group, titled “Webcams Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global webcams market reached a value of US$ 7.2 Billion in 2020.
These observations will be integrated into the report.Also known as a web camera, a webcam is a small digital video camera connected to a computer, laptop or smart device.
It offers features such as motion sensing, image archiving, custom coding, and automation.
As it is lightweight, compact, user-friendly, cost-effective, and durable, it is gaining traction over conventionally used video cameras worldwide.Request Free Report Sample: https://www.imarcgroup.com/webcams-market/requestsampleWith the increasing need for real-time monitoring, visual marketing, live events, video conferencing and entertainment, there is an increase in the utilization of webcams in the manufacturing, retail, automotive, construction, transportation, and banking, financial services and insurance (BFSI) sectors.
These webcams also help government bodies and private organizations with perimeter surveillance.
Besides this, the integration of webcams in unmanned aerial vehicles (UAVs) with cloud compatibility and image sensors is also strengthening the market growth.
According to the latest report by IMARC Group, titled “Wearable Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global wearable technology market exhibited strong growth during 2015-2020.
Looking forward, IMARC Group expects the global wearable technology market to grow at a CAGR of around 16% during the forecast period (2021-2026).We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
These observations will be integrated into the report.Request Free Report Sample:https://www.imarcgroup.com/wearable-technology-market/requestsampleWearable technology is an advanced technological solution integrated into electronic devices or gadgets worn on the body for tracking real-time biometric information.
They enable the wearer to track heart rate, pulse rate, steps taken, sleep hours, etc., with hands-free operations using microprocessors and sensors as information receptors.The growing healthcare industry across the globe is one of the key factors driving the wearable technology market.
Moreover, increasing consumer preferences towards sleek and compact health and fitness devices are also bolstering the product demand.
Furthermore, due to the ongoing COVID-19 pandemic, the requirement for wearable devices is witnessing a significant increase across healthcare centers.
